Search Results for: Brent
Sullivan & Cromwell to open Brussels office with antitrust hire
May 22nd, 2017
Sullivan & Cromwell, the US corporate law firm, has poached a senior European competition lawyer to open its first new office in nearly two decades based in Brussels. Michael Rosenthal is joining S & C as partner to work ...
Oil prices climb on hopes output cuts will be extended
May 19th, 2017
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of ...
Oil prices dip as supply remains ample despite output cuts
May 18th, 2017
Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production. Brent crude LCOc1 was down 18 cents, or 0.3 percent, from its last close at $52.03 ...
Oil drops on rising U.S. crude inventories, defies expected supply cut extension
May 17th, 2017
Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts. Brent crude was down 41 cents, ...
Oil Jumps as Saudis, Russia Favor Extending Output Deal to 2018
May 16th, 2017
Ministers agree pact should extend through the end of March OPEC deal is working and inventories decreasing: Al-Falih Oil rallied after Saudi Arabia and Russia stoked expectations that production cuts might be extended for nine months. Futures closed at ...
Oil jumps after Saudis, Russia say supply cut to be extended to March 2018
May 15th, 2017
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until ...
Oil futures rose in Asian trading on Wednesday
May 10th, 2017
Oil futures rose in Asian trading on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. output that is threatening to derail its attempts to end a sustained global glut ...
Oil gives up earlier gains as rising US output, China concerns weigh
May 9th, 2017
Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended. Brent crude futures, the international benchmark ...
Oil prices rise on expectation of output cut extension
May 8th, 2017
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains. Brent ...
Oil prices continue slide; WTI nearing six-month low as supply glut weighs
May 5th, 2017
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move ...
